Oil eases on demand risks, US stockpile data
Oil prices fell on Thursday as major producers warned of a risk to the recovery in demand if the coronavirus crisis is prolonged, while U.S. crude inventories dropped less than expected.
Brent crude was down 28 cents, or 0.6%, at $45.09 by 0049 GMT after slipping 0.2% in the previous session.
U.S. oil was down 31 cents, or 0.7%, at $42.62 a barrl, after inching higher on Wednesday.
Stockpiles of crude in the United States fell last week for a fourth straight week, even as net imports rose. However, the 1.6 million barrel decline was less than a Reuters poll showing expectations for a 2.7 million barrel fall.
